India’s Private philanthropy saw a 10% growth, reaching INR 1.2 lakh crore
India’s private social sector ‘philanthropy’ spending over the last five years experienced a robust annual growth of 13%, reaching approximately INR 23 lakh crore ($280 billion) in FY 2023, which accounts for 8.3% of the GDP. Despite this, India is below the NITI Aayog’s estimated spend (13% of GDP) to achieve UN SDG goals by 2030.